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    Conch Key Waterfront Land Opportunity Title is generated by Realmo AI

    62900 Overseas Highway, Conch Key, FL 33050

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    Claim this Listing
    New
    For Sale
    $575,000

    LAND - Conch Key, FL

    Property size:
    5,000 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $115/SF
    Added:
    May 28, 2026
    Days on Market:
    4
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 62900 Overseas Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CFV - Commercial Fishing
    Standard status
    Active
    APN
    00099010-005300
    Size
    5,000 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    UNIT 53 CORAL KEY VILLAGE OR1722-1147/1237DEC OR1722-1264/1266 OR2178-1976/1979 OR2381-1535/1649DEC OR2472-1377/1381 OR2
    Tax Annual Amount
    4576

    Utilities

    Water front features
    Ocean Front
    Water front
    1

    We can help!

    Listing Contact
    Isabel Z Linowitz
    Isabel Z Linowitz

    Listing agent Isabel Z Linowitz License #3077770

    Listing office RE/MAX All Keys Real Estate 98880 Overseas Hwy., Key Largo, FL

    Listing date May 28, 2026

    MLS# 620066 Listing URL

    Copyright © 2026 Florida Keys Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Direct oceanfront access on a corner lot in Conch Key.
    • Ready to build with water and electric already in place.
    • Located in a desirable and private location along the Overseas Highway.
    • 5000 sq ft lot offers opportunity to build to buyer's specifications.
    • Ideal for fishing, boating, and enjoying the Keys lifestyle.
    • Pristine ocean views.

    Overview

    This oceanfront land is located in Coral Reef Village at Conch Key. The corner lot offers 5,000 square feet of space and direct access to the turquoise waters. It is suited for building a house to specification. The location is desirable and private along the Overseas Highway. The property is attractive to buyers interested in fishing and boating, as well as professionals working remotely. It presents a developer's dream to invest on an oceanfront lot ready to build. This is a unique opportunity to create a vision in an established and sought-after enclave. The lot size is approximately 5,000 square feet, or 0.13 acres. The property is located on the open ocean water. Water and electric are in place, making it ready to build.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Pescador Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Grocery & Convenience Store Bar & Pub Food Market Cafe & Coffee Shop Restaurant Fish Market Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conch Key
    County
    Monroe
    State
    Florida
    Longitude
    -80.889506
    Latitude
    24.788587

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    FAQs

    What type of property is this?
    Waterfront Land - Oceanfront land in Conch Key with direct water access.
    Where is this waterfront land located?
    The property is located at 62900 Overseas Highway Conch Key, FL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Direct oceanfront access on a corner lot in Conch Key.; Ready to build with water and electric already in place.; Located in a desirable and private location along the Overseas Highway.
    (305) 303-3818
    We can help!
    Listing Contact
    Isabel Z Linowitz
    Isabel Z Linowitz
    Real Estate License ID: 3077770
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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